v3.26.3
Condensed Consolidated Statements of Comprehensive Results of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue:        
Total revenue $ 32,813 $ 26,030 $ 76,235 $ 66,826
Cost of revenue:        
Total cost of revenue 30,912 24,436 77,795 72,598
Gross profit (loss) 1,901 1,594 (1,560) (5,772)
Operating expenses        
Research and development 930 1,228 3,257 3,281
Selling and marketing 2,248 1,672 6,028 4,099
General and administrative 7,263 6,399 23,480 16,612
Total operating expenses 10,441 9,299 32,765 23,992
Loss from operations (8,540) (7,705) (34,325) (29,764)
Interest expense (4,292) (1,988) (12,521) (3,430)
Interest income 99 6 109 17
Gain from disposal of investment in unconsolidated subsidiary 0 0 0 3,204
Gain on sale of Atlas 0 90 26 140
Gain (loss) from change in fair value of warrant liability 19,480 (16,066) 59,335 (14,298)
Loss on extinguishment of debt 0 (173) 0 (173)
Other income, net 165 35 175 110
Income from unconsolidated subsidiary 0 1,907 0 1,344
Income (loss) before income taxes 6,912 (23,894) 12,799 (42,850)
Provision for income taxes (210) (44) (622) (337)
Net income (loss) 6,702 (23,938) 12,177 (43,187)
Other comprehensive income :        
Foreign currency translation adjustments 110 37 328 146
Comprehensive income (loss) $ 6,812 $ (23,901) $ 12,505 $ (43,041)
Net income (loss) per share:        
Basic $ 0.39 $ (1.61) $ 0.75 $ (3.17)
Diluted $ (0.54) $ (1.61) $ (2.06) $ (3.17)
Weighted-average common shares outstanding:        
Basic 17,084,491 14,899,638 16,239,464 13,626,800
Diluted 23,473,081 14,899,638 22,919,497 13,626,800
Product        
Revenue:        
Total revenue $ 32,185 $ 20,061 $ 66,352 $ 54,130
Cost of revenue:        
Total cost of revenue 31,397 18,550 69,810 57,537
Service        
Revenue:        
Total revenue 628 5,969 9,883 12,696
Cost of revenue:        
Total cost of revenue $ (485) $ 5,886 $ 7,985 $ 15,061